Powered by MOMENTUM MEDIA
AREA REPORTS

Cremorne

NSW/
Cremorne

Suburb Profile

Cremorne - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2090

house
unit

CREMORNE, 2090 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling CREMORNE, 2090 values up and netting property investors a capital gain of 8.7% for the past year.

Investors saw the median home price rise to $3,000,000.

Profits due to an upward trend in home prices in the suburb averaged 12.91% per annum over a 3-year period.

CREMORNE now ranks at the 114th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in CREMORNE are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $1250 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CREMORNE, homes and units usually stay on listing for an average of 83.7 days.

In 2016, 55 properties were sold in CREMORNE during the past year, making it the 332nd most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $3,000,000 $1,143,000
GROWTH REPORT
Median Quarterly 0.59% 0.7%
Median 12 month 8.7% -2.72%
Median 3 years 38.73% 27.35%
Median 5 years 84.05% 49.41%
10 years average annual 7.18% 7.5%
Weekly media advert. rent $1250 $660
Time on Market 83.7 days 38.7 days
Gross Rental Yield Percent 2.17% 3%
demographics (median values)
Total Population
10437
Weekly Household Income
1749
Household Size
2.00
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Westpac

Spate of lenders slash fixed rates for investors

Key Westpac subsidiaries have dropped their fixed rates by up to 140 basis points. ...

ASIC

Illegal scheme involving property, super sees director banned

The corporate regulator has banned a director from providing financial services or engaging in credit activities for eight years, after find...

Neighborhood

Sellers are still discounting their properties, data finds

CoreLogic’s latest data has shown that despite discounting levels stabilising, there is yet to be a “noticeable improvement” in a redu...

Grattan Institute

Fresh tax changes on property could be heading your way

The Grattan Institute has released a report titled Generation Gap: Ensuring a fair go for younger Australians that details the stark diffe...

Justine Wilson

How to maximise the value of your property this spring selling season

With spring selling season right around the corner and some slow months in property, housing prices and stock levels are on the rise. To mak...

Westpac

Westpac reports 40% increase in home seizures

Big four bank Westpac has reported an increase in home loan delinquencies and a rise in the number of properties in its possession. ...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.